Canada bag maker set to auction assets

By Michael Lauzon
Correspondent

Published: June 17, 2014 2:48 pm ET
Updated: June 17, 2014 2:51 pm ET

Related to this story

Topics Packaging, Mergers & Acquisitions, Film & Sheet, Canada

Assets of major Canadian plastic bag manufacturer Gran Packaging are slated to be sold in an auction.

Gran Packaging of Toronto is a division of privately owned Atlantic Packaging Products Ltd. of Toronto, a large paper products and paper recycling business.

Infinity Asset Solutions of Concord, Ontario, will conduct the auction June 24 at Gran’s production plant in conjunction with PerryVidex. The auction will be live and through a webcast.

Gran’s equipment includes six- and eight color flexographic presses, numerous four- and six-color bag printing presses, five three-layer and monolayer blown film lines, T-shirt and merchandise bag lines, a reprocessing line, silos, laboratory equipment and supporting and auxiliary equipment.

Plastics News estimated Gran’s annual sales at about $65 million in its 2013 film and sheet extruders’ survey.

Gran officials and Infinity representatives were not immediately available for comment.


Comments

Canada bag maker set to auction assets

By Michael Lauzon
Correspondent

Published: June 17, 2014 2:48 pm ET
Updated: June 17, 2014 2:51 pm ET

Post Your Comments


Back to story


More stories

Image

Brown signs California's plastic bag ban into law

September 30, 2014 1:38 pm ET

Gov. Jerry Brown (D) made it official today: plastic bags are banned across the entire state of California.    More

Image

Teens put a cap on watery ketchup

September 30, 2014 1:57 pm ET

Whether you spell it ketchup or catsup, use it on burgers or fries, or prefer Heinz or Hunt's, there is one universal problem for the ages: That...    More

Image

RJG buys UK training group G&A

September 30, 2014 11:10 am ET

G&A Moulding Technology Ltd., a United Kingdom-based training and consultancy group, has been bought by RJG Inc., the U.S.-based training business.    More

Image

Amcor planning more growth in Asia

September 30, 2014 10:24 am ET

Flexible packaging firm Amcor Ltd. is rapidly expanding its presence in the Asian market. The company's top official in the region said it will soon...    More

Image

Uflex to build large flexible packaging plant in western India

September 30, 2014 10:01 am ET

Flexible packaging company Uflex Ltd. is planning a major new plant in the western Indian state of Gujarat.    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events